Which of the following terms is not implied into a mortgage at common law?
A) The mortgagee will release the mortgage upon payment of all money due under the mortgage.
B) On default by the mortgagor, the mortgagee can demand payment of the principal and interest in full.
C) All money spent by the mortgagee in maintaining the mortgaged property represents additional charges for which the mortgagor must pay interest.
D) The mortgagee must insure against loss or damage by fire all buildings and improvements on the property.
Correct Answer:
Verified
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C)any
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